Case analysis Essay Example | Topics and Well Written Essays - 2000 words - 2

Case analysis - Essay Example In principle, international markets require unique approaches due to the variation in market characteristics. Home Furniture Ltd is one of the business organizations that have expanded its business strategy in the international market in an effort to increase its profits. In these new markets, the organization has faced the challenges of deploying effective leadership in a multi-cultural environment. For the organization to position itself in this business market, it is crucial to re-strategize and develop effective leadership strategies desired in the modern business environment (Stahl & Brannen, 2013). A close analysis of the organizational management in Home Furniture ltd will reveal the weaknesses and the strategies that can be used to realign the organization in the international market. Globalization and cross-cultural management are terms that emerged as a result of organizations efforts to expand their business operations in the international market. Business globalization has many advantages to the organization and this is why many organizations are pushing their operations in the international market. Global strategy helps organizations to take advantage of emerging market segments where business potential is higher than in local markets. This provides an opportunity for the organization to optimize their profits by investing in rapidly growing markets. Also, globalization helps organizations to increase its customers which will have a positive impact on the performance of the organization. As competition becomes severe in local markets, organizations are pushed to invest in geographical markets to ensure that they survive the severity of this competition. However, the international business market has many risk factors that threaten new market entrants. First, the cultural factors influence business strategy. In the international market, the organizations has to work with different cultural attributes

Medtronic Essay Example | Topics and Well Written Essays - 750 words

Medtronic - Essay Example Help analyse the underlying causes, strengths and weaknesses, market forces and factors that affect performance to determine the optimum objectives that the organization may target. Having briefly defined the role of the Board we look at how the Board of Directors of Medtronics has performed. Details provided in the case study paint a very positive picture of the proactive role that the Board has played in the success of the Company. It has done all that is required and gone several steps further. The role that the Board has played in strict adherence to the mission statement of the company and, in the drive of the company to excel in technology and quality initiatives is indeed commendable. The Board has been a friend and guide for management, evidenced by the comment of Bill George, "In addition to its traditional role of governance, the Medtronic board is very effective as a sounding board, to advise and consult with management on the challenges we face." (p1) or that of Earl Bakken, "As we have grown and evolved, we have leaned on our board of directors for their direction." (p3). The active interest that the Board has taken in the operations of the company, their focus on the long term, regardless of below par performance on the financial front, represent some of the peculiarities of the Medtronic board that may not be found in most companies. It is usual for boards to look at only financial performance for the quarter and stop at that. It is truly amazing to find a board that has such faith in the future of the company that temporary setbacks on the earnings per share (see performance results) have not led to the typical automatic reaction. As Bill George points out in his book "Authentic Leadership", the board was successful in grappling with the larger ethical issues of what an organization owes to the public and its employees beyond the narrow obligation to increase shareholder value. The relationship between the CEO, Bill George and the board are similarly cordial and mutual understanding and respect at a very high level exists. While the CEO handles operational management, he does not consider the careful watch that the board keeps